Form 4: Banner Corp Executive VP Janet M. Brown Reports Stock Transactions

Executive VP of Banner Bank, Janet M. Brown, reports acquisition and disposal of Banner Corp common stock on March 1, 2024, related to performance share vesting and tax obligations.

Summary

• Janet M. Brown, Executive VP of Banner Bank, reported transactions involving Banner Corp common stock.
• On March 1, 2024, Ms. Brown acquired 1,703 shares at a price of $44.10.
• Also on March 1, 2024, she disposed of 524 shares at $44.10 to cover tax obligations related to the vesting of restricted stock.
• Following these transactions, Ms. Brown beneficially owns 10,748 shares of Banner Corp common stock.
• The acquisition of 1,703 shares was related to the vesting of performance shares originally reported on March 26, 2021.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock transactions related to compensation and tax obligations.

Positives

• The vesting of performance shares indicates that certain performance criteria were met.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect executive compensation and tax-related stock movements.

Key Dates